1. The great moderation. Birth: calm after the storms
Life: the great risk shift
Death: the dissenters and their vindication
Reanimation: a global crisis or a transitory blip?
After the zombies: rethinking the experience of the twentieth century
2. The efficient markets hypothesis. Birth: from casino to calculating machine
Life: black-scholes, bankers, and bubbles
Death: the crisis of 2008
Reanimation: Chicago revives the dead
After the zombies: the state and the market
3. Dynamic stochastic general equilibrium. Birth: from the Phillips curve to the NAIRU, and beyond
Life: rationality and the representative agent
Death: how did economists get it so wrong?
Reanimation: how Obama caused the global financial crisis
After the zombies: toward a realistic macroeconomics
4. Trickle-down economics. Birth: from supply-side economics to dynamic scoring
Life: excuses for inequality
Death: the rich get richer and the poor go nowhere
Reanimation: mobility without movement
After the zombies: economics, inequality, and equity
5. Privitization. Birth: we are all market liberals now
Life: a policy in search of a rationale
Death: puzzles and failures
Reanimation: dead for good?
After the zombies: the mixed economy
Conclusion: Economics for the twenty-first century. Rethinking the experience of the twentieth century
A new approach to risk and uncertainty
What is needed in economics.
